Bernard Madoff News

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Lawyer Behind $10 Billion Haul for Madoff Victims Earns Enemies

NEW YORK -- Everyone's mad at Irving Picard. To be fair, his job is thankless: He's the court-appointed bloodhound in charge of hunting down money for the victims of Bernard Madoff, a man who was so skilled at hiding money that he kept the biggest scam in the history of American finance going for at least two...

Madoff to Magazine: 'Government Is a Ponzi Scheme'

NEW YORK -- Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme. "The whole new regulatory reform is a joke," Madoff said during a telephone interview...

Bernie Madoff Interview: Were the Banks and the Mets' Owners in the Know?

What did the banks know? In Bernard Madoff's recent interview with a New York Times journalist -- the first interview he's granted from prison -- the Ponzi-schemer says that the banks "had to know" he was presiding over an enormous fraud. The accusatory statement is reverberating around the Internet today. What's...

Bernie Madoff Says Banks Were 'Complicit' in His Ponzi Scheme

NEW YORK - Disgraced Wall Street financier Bernard Madoff said in an interview published online Tuesday that banks and hedge funds were "complicit" in his scheme to fleece victims out of billions of dollars. Madoff did not name any institutions in his series of interviews with The New York Times but said banks and hedge...

Madoff Lawsuit: Mets Owners Owe Victims $300 Million

NEW YORK -- The owners of the Mets turned a blind eye to Bernard Madoff's massive fraud, reaping $300 million in false profits and using a large chunk to run the team, according to a lawsuit unsealed Friday. The lawsuit claims the owners were so dependent on the disgraced financier's too-good-to-be-true returns that they...

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THE HUFFINGTON POST

Shame On The Three Women Charged In A Ponzi Scheme Who Feds Say Preyed Upon Other Women

The leaders of a pack of women who federal and state investigators say targeted other women by illegal "gift tabling" were arraigned this week in a New Haven , Connecticut courtroom.

Bernard Madoff News From the Web

05/21/12 Heist of the century: Wall Street's role in the... Source: Baltimore Chronicle & Sentinel - Baltimore MD Bernard L Madoff ran the biggest Ponzi scheme in history, operating it for 30 years and causing cash losses of $19.5bn. Shortly after the scheme collapsed and Madoff confessed in 2008, evidence began to surface that for years, major banks had suspected he was a fraud.
05/18/12 Nomura wins lawsuit over Madoff fraud Source: Daily Yomiuri - Japan The Tokyo District Court has rejected a claim for about 5.1 million dollars in damages filed against brokerage firm Nomura Securities Co. regarding sales of financial products linked to financier Bernard Madoff, who is serving a prison sentence in the United States for fraud.
05/08/12 Trustee sues Madoff's family Source: The Bulletin - Bend OR The trustee representing victims of Bernard Madoff's Ponzi scheme is now seeking $255.3 million from the investment adviser's family.
05/05/12 Opinion: These Islands Aren't Just a Shelter From Taxes Source: The New York Times - New York NY FANS of "American Idol" might be surprised to learn that, if sales figures are any indication, the real music capital of the world may not be America, but Luxembourg.
05/04/12 Shame On The Three Women Charged In A Ponzi Scheme Who... Source: The Huffington Post The leaders of a pack of women who federal and state investigators say targeted other women by illegal "gift tabling" were arraigned this week in a New Haven , Connecticut courtroom.